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Spend to save company…

Wednesday’s Autumn Statement got me thinking. What should your business be doing in the short and medium term to obtain the benefit of existing tax incentives which are disappearing? And what is round the corner that you should be planning for? CORPORATES Corporation tax rate cut from 20% to 19% in April 2017, then to 17% in 2020 It’s maybe too obvious but don’t overlook this in your forecast models. A lower rate of tax is great, however expense deductions are worth more now than in just over three years. Consider whether to accelerate…

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Autumn Statement – our…

The new Chancellor, Phillip Hammond, presented his first Autumn Statement, against the backdrop of Brexit, Trump and under the direction of a new Conservative regime. Our experts at Campbell Dallas were on tenterhooks in anticipation of what many thought would be a very interesting Statement. Indeed, it did not fail on that front. Below we set out some of the key stand-outs from Hammond’s first (and last) Autumn Statement. This will be the last Autumn Statement as we know it. From 2018 there will be a Spring Statement and the main Budget will take…

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Tax can fund expansion…

The expansion of Scotland’s buoyant craft brewing and distilling sector is being curtailed because attractive tax and investment incentives that can finance growth and brand development are being over-looked. Murdoch MacLennan, a finance industry veteran and head of our Brewing & Distilling sector, says that businesses can get distracted by the production process rather than focus on creating, funding, building and protecting high value brands. “Scotland’s craft and micro brewing and distilling industry is thriving and creating outstanding products, but valuable tax and investment incentives are often being overlooked” says Murdoch. “If tax management...